How much should one earn to become rich?

" WE classify people as rich or poor" I assume you are talking of "We" as a "Society" and "Financial Richness" amongst other kinds of richness ...(spiritual richness) Well ... Poor or richness is certainly dependent upon the money the person has in his banks .... and for a person to be classifyed as being rich depends upon the income levels in the country ... It varys amongst different countries ... for example ... a person in USA with monthly earnings of a 1000$ is classified as poor by the Society ... but the same person would be well established , say , in India or China .... So it basically depends upon the Per Capita Income of the Country ...... Also , the countries have different Min salary , which can buy the basic neccities of life ... Earn anything above this and you will ... be well off .... earn a little higher --Middle class .....--- Can u afford special luxuries ---- Rich **Individual opinions may vary , theses are just my views *** ;-

Reminds me of a Charles Dickens quote that I think was from Mr Micawber but I can't quite remember it. Something about if you earn 1p more than you spend you are rich. Politically, there is some imaginary poverty line to do with being able to afford the basics in life that they use to create their statics. It is very difficult with children not to 'keep up with the Joneses'. They always want what their friends have even if they don't really need it. That either puts great pressure on the economics of the household, means the parents are never there because they are earning, or is stressful when the children feel let down when they are told they can't have something. I think most people in Britain these days come somewhere in between.

I think 1 million would be rich. A minimum of $100,000 in savings. I also feel that people are rich in family, friends, loved ones. I think you can also be rich in your religious experience.

I really don't know any more how much a person should earn to become rich. Prices keep getting higher and higher and people cannot hardly afford things any more because they make more money and the prices of everything goes up right along with it. I think the difference between the rich and the poor, is those who have the means to provide for their family without financial hardship is considered to be the rich ones and the ones who cannot hardly afford to eat, are the poor ones. That is they way that I see it. Poor people have very little and the rich have more than enough of everything.

I feel that if someone has enough money to take care of the family, then he is said to be a rich person. Like, if someone has all the luxury things at home and also spends a lot for his day to day expenses and will be able to lend any amount to others when asked, is said to be rich. The society will respect him and will give him all the preferences because he is a rich person. According to me, if a man has enough money for his day to day expenses and family requirements then he is rich :.)

Rice and poor is categorized by man. The rich person is who has a beautiful own or rented home, 3 meals a day, abundant of water in the house, electricity, fridge, TV, a car not necessarily. They share happy moments with father, mother, sister, elder brother, younger brother and relations. If you are a student do your studies dedicately and become somebody great so that you can be a support to your parents and to yourself. This is where richness originates. A small home can be a rich home because of the people who live there has rich qualities in life which makes them a happy family. Well no man has become rich just like that, if you hear the root stories of how they become rich then you will realize there is no rich and poor. Here is a story of a rich man, he started selling scrap materials for many years, today he is a man who owns 5/4/3 Star Hotels and 340 furnished apartments.

I think there is a not a specified limit or norm to be a rich.You can be rich if you afford to buy expensive clothing,watches,sportscar,perfumes etc etc..... On the other way if can't afford you will be considered as a poor man.These are the financial measures to determine rich or poor status. You can be rich academically,logically etc etc.... I think to be rich no matter how, you need a stock of good stuff like education,behaviour,looks,personality,bank balance... and you have to maintain a good balance among those..

It depends ,when you are born in a family that have a lot of money earlier the criteria for being rich should be higher then when you were born in some poor family. When you have already one million and you can't make two million of it,you are a faillure.

You are well off when after you pay for your everyday needs and treats for yourself and your family, you still have extra cash for the bank. When I say treats, I mean the ocassional expensive gifts for yourself and your family (expensive dinners and such) that you spend on in between each paychecks. You are rich if you can retire and still have your assests (some sort of income without having to work) generate all the money for you without any need for any change in your lifestyle, and still there is extra to go into the bank. Your assests can be real estate or stock or something else. So when you think about this, not many people are rich at all, most are well off. Just because your neighbours next door have brand new things all the time doesn't mean that they are rich (their bank accounts could be empty and they have a lot of debts from trying to appear "rich").

We classify people being rich or poor depends on the material possession of a person. The more asset of a person has the more we call them rich. Lacking of these material possessions, we say a person is poor.

That's a very good question and I'd like to know who really determines these amounts. I dont'think it's money that makes you rich though. I'd rather be rich in friends, family and life instead.

To be very frank, there is no min criteria to being rich and poor. It depends on how you personally define it. Being rich does not mean that you will win the whole world. Some people may be rich but they are very poor in their attitude and thinking For others, they may be poor but they have the heart for others. It really depends how you classfied it.

Let me say it this way in reality life if you have no debt ,able to pay your bills ,food yet has some saving in your account for immergency purposes or vacations ; i would said I have a comfortable life and i feel rich in heart,means i'm satisfied for what i have now. In contrsast if you constantly demand on what you can't affort you will always going to be poor for entire life. For instant,if you can't affort to buy a $50,000 car but you insist to do so,you may end up with debt.... Make sure you drive an affortable car with no debt,Instead of driving a luxury car but whole bunch of debt on your shoulder.

according to my philosophy if you are finacially free means you are not working for money then you are rich in consideration with money and finacial freedom is that suppose i stop today woking compleatly then for how many years i can survive without earning. gernaly rich person is a invester he didn't work for money but he put his money work for him.

Some people think they are rich when they have a million peso in the bank. Maybe half a million in the bank will still make you feel that you are poor. It is the heart that makes you feel rich. When you can spent without fear that you will be going negative. Or that someday you will have to live on other peoples help.

Hmmmm that's is a wonderful discussion I must say. Friend I must say; thanks for this discussion. Let me answer you this way: A salary or wage man can not be rich. Now there is a reason for that. If you look at those who are rich today, you will come to discover they don't depend only on salary or wage, but have one or two businesses that serves as a source of income. That's the little I can say on this. Thanks

Rich means different things to different people so it's a hard question to answer. Personally I would feel rich if I had enough money that paid me income in say interest that was equivalent to what I earnt. That way I wouldn't have to work but could maintain the same lifestyle with the bonus of getting more time with the family.

You should not earn much to be rich but have much money. Thats a big difference, and i think if you have the money to spend 1million a year then you can be classified about rich, but i will not say that money make you happy because thats what friends do.